Thursday November 15, 2018
Home Business Tesla aiming ...

Tesla aiming to build 6,000 Model 3 cars per week by end-June

Musk says Tesla to build 6,000 cars per week by end of june

0
//
Tesla
Tesla appoints Robyn Denholm to replace Musk as Chairman. Pixabay
Republish
Reprint

Chief Executive of the electric car maker Tesla Elon Musk has said that the company will now build Model 3 sedan round the clock until the end of June to produce 6,000 cars per week.

The announcement comes a day after Tesla temporarily suspended its Model 3 assembly line as the firm struggled to deliver on targets.

The company said the move was a planned production pause of up to five days. It is the second time since February that Tesla has halted its production line for the Model 3 at its Fremont, California plant.

Elon Musk
Elon Musk. IANS

Tesla would add “400 people per week for several weeks” to meet the new target and the production would be done at its Fremont, California factory, for 24 hours a day in order to meet the goal, The Verge cited news website Jalopnik late on Tuesday.

According to Musk, Tesla needs to make 6,000 Model 3 per week by the end of June — an increase of the company’s previous target of 5,000 per week.

“The reason for the new target is that 5,000 Model 3s per week leaves the company with ‘no margin for error’ across the company’s manufacturing process and supply chain. Actual production will move as fast as the least lucky and least well-executed part of the entire Tesla production/supply chain system,” Musk was quoted as saying.

Musk said the halt of the production line at the Gigafactory and Fremont would let the company use this time to perform a “comprehensive set of upgrades” that will allow it to get to production rates of 3,000 to 4,000 per week in May.

The shutdown took Tesla staff at the plant by surprise, forcing them to use vacation days or stay at home without pay, according to BuzzFeed.

Also Read: Electric Cars: The Newest Trend In India

Musk recently admitted that “excessive automation” at the Tesla plant had contributed to what he calls “manufacturing hell” and had actually slowed down manufacturing of the crucial mass-market model.

The electric car firm has repeatedly missed targets and was now been trying to reach a production volume of 2,500 vehicles per week.

Musk recently said Tesla was managing to make 2,000 Model 3 sedan a week but failed to assuage doubts about the company reaching its 5,000-a-week target in three months time.  IANS

Click here for reuse options!
Copyright 2018 NewsGram

Next Story

Robyn Denholm Replaces Elon Musk As Chairman Of Tesla

Musk accepted the deal with the SEC "without admitting or denying the allegations of the complaint", according to a court document.

0
Tesla
Tesla appoints Robyn Denholm to replace Musk as Chairman. Pixabay

 Electric car company Tesla on Thursday announced the appointment of Robyn Denholm, an executive at Australian firm Telstra, to become the Chair of the Tesla Board.

Denholm takes over the role from Elon Musk who agreed to step down as Chairman of Tesla for three years and pay a $20 million fine in a deal with the stock market regulatory authority, Securities and Exchange Commission (S.E.C.) to resolve securities fraud charges.

Musk will remain as Tesla’s chief executive.

“Robyn will be leaving her role as CFO and Head of Strategy at Telstra, Australia’s largest telecommunications company, once her six-month notice period with Telstra is complete. Robyn will be serving as Tesla Chair on a full-time basis,” Tesla said in a statement.

tesla
A Telsa car recharges at a Tesla charging station in Charlotte, N.C. VOA

To ensure a smooth transition during the remainder of Robyn’s time at Telstra, Musk will be a resource to her and provide any support that she requests in her role as Chair.

“Robyn has extensive experience in both the tech and auto industries, and she has made significant contributions as a Tesla Board member over the past four years in helping us become a profitable company,” said Musk.

“I look forward to working even more closely with Robyn as we continue accelerating the advent of sustainable energy,” he added.

Denholm has served on the Tesla Board as an independent director since 2014.

Her global experience in both Australia and Silicon Valley encompasses leadership roles across a range of technology companies, including Telstra, Juniper Networks, and Sun Microsystems.

Tesla CEO Elon musk
Elon Musk agrees to step down as Chairman (VOA)

“I believe in this company, I believe in its mission and I look forward to helping Elon and the Tesla team achieve sustainable profitability and drive long-term shareholder value,” said Denholm.

The US SEC last month announced the deal with Tesla, after it sued Musk in federal court for misleading investors over his post on Twitter in August that he had “funding secured” for a buyout of the electric-car company at $420 a share, reports The New York Times.

Also Read: Elon Musk Shows a New Transportation System Being Developed Under LA

Musk accepted the deal with the SEC “without admitting or denying the allegations of the complaint”, according to a court document.

His tweet about taking his company private, along with attacks on critics on social media, raised concerns with investors about whether Musk has become too focused on criticism from so-called short-sellers who had been making bets against him and the company. (IANS)